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January 29, 2024
Jim Bianco, President of market and macroeconomic research firm Bianco Research, appears Jan. 11, 2024, with hosts Jeffrey Sherman and Samuel Lau to discuss among other issues his outlook for a “no landing” U.S. economy in 2024, sticky inflation of 3% to 4% and his theory on Fed Chair Jerome H. Powell’s dovish turn on Dec. 13.
It is widely accepted that nations around the world are slowly making the shift to electric vehicles and other 'green' initiatives. In practice, this is an admirable goal. However, how nations generate electricity to power a 'greener' economy is just as important.
Today's topics include higher liquidity in 2024?, more on the end of the BTFP retirees' ownership of the stock market, renting is expensive, China promises more stimulus, Waller responds to team transitory's claim to victory, debating the Beveridge curve, and global credit spreads tightest in two years
Several liquidity charts worth watching as the Fed's reverse repo facility continues to be drained
The Fed's interest expenses exploded higher in 2023. They have been operating at a loss since September 2022 and might not return to profitability for several more years.
Are reduced workweeks a canary in the coalmine for the labor market?
S&P 500 valuations look stretched no matter what way you slice it. How much more optimism can drive equities higher?
Microsoft recently overtook Apple as the largest company in the world by market cap.
A long-term look at real rates & CPI
Some interesting charts from our recent posts